Tom Lee: Vitalik's announcement that ETH is a store of value is an "earthquake-level shift" and the most roadmap-aligned positioning.

November 9 — Bitmine Chairman Thomas "Tom" Lee stated that Ethereum founder Vitalik Buterin's announcement at Devcon 8 in Mumbai that "ETH is a store of value, ETH is money" represents a seismic shift, clarifying how ETH will capture value in the upcoming tokenization and AI supercycle.

Lee said: "ETH is not a 'cash flow' token model like HYPE or LIT, but rather pure and trusted collateral, reflecting how Ethereum has become the Layer 1 of choice for the vast majority of financial institutions when moving assets onto the blockchain. In other words, ETH as a store of value best aligns with ETH's future roadmap and best aligns with the role ETH will play in the upcoming tokenization supercycle."